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Search Results 50 to 99 of about 1,157 (some duplicates have been removed)
, and the director of the office that decides who is tax exempt and who is not, that person got a briefing at some point in june of 2011 so they were aware of that at that point a few years ago, and so how far up the chain that goes is something we are still waiting to see. we'll get the full irs report from the treasury inspector general in the next couple days, and then there's the hearing with basically the guy who leads the office doing that report and the head of the irs friday. melissa: jeff, the question, of course, is why they targeted who they targeted, but, also, you know, the targeting seems to be a result of collecting more money to feed the spending machine. the step up in investigations, the treasury department says is going to yield between a billion and a billion-five extra in tax collections per ewe. is a lot of this about money? >> well, it might be about the money, but it's also probably about influence. if you take the most extreme negative interpretation, if you try to make it hard for certain types of organizations with particular political views to organize themselves as the
in charge of the tax exempt division, sarah hall-ingram, three names, was promoted to run the irs office responsible for obama care. we can agree that's the greatest thing ever. speaking of bad situations, look what happened to my cousin carl this week. this is still carl. he did this last week. that's how you found me. >> exactly. >> now we have a carl. don't take my job, carl. >> carl's the new repulsive side kick. this is a big question and a serious question. would we have a president mitt if this scandal had happened in september? my source, which is my mouth, says yes. >> first of all, let me say congratulations to lisa meyers for even raising that question. what's she still doing at that network? she's a great reporter. i think this is a campaign story. it's about winning the election. i think it should be seen through that lens. i don't know if romney would have been elected but i think this would have been the central scandal of last year had this come out. and by the way, miller is a liar. he lied to congress and he was totally unrepentant about it. federal employees more likel
of getting tax increases on wealthy and certain boosts in federal spending as he did about a week ago, which is about none. if investigators find a white house influence on just is department or irs on this situation that could hurt democrat chances of taking house or holding senate next year's midterms, they can be referendums on the president. will have a impact on his agenda, if you lose law make freres both side, too -- makers from both sides, that farm offensive, that could become problematic, that seemed like an area where there could be a bipartisan achievement to get something done. president as leader it could be problematic. neil: rich edison thank you. >> tomorrow we might get an indication it all hits fan, house, ways and means committee holding a hearing into this mess. and kansas senator pat roberts sits on that committee with a lot of questions and consents, what do you want to know? >> i want to know why they lied to me, i want to know why i have a letter in my hand i senne clear back in july, i did not get a respond until 9/11 of all dates, i asked specifically, was there a
property taxed and from business taxes we have the sales tax and hotel room tax. about one out $5 comes from the state or federal government. we pay all those taxes when the state government or federal government makes a change it effects us. over the last few years we've taken some good steps to make our budget more sustainable and we have a 5 year outcome. and what i can see here is that over the next 5 years so the the light gray line on the right-hand side that's showing you what our expenditure productions are looking like and the dark gray line on the left is the revenues. so assembly over the next 5 years our expenditures are going to grow. the economy is starting to recover but there's still is a gap between running the city's government and how much money we're going to take in. finally i just wanted to share with you some of the information we have. as i mention balancing the budget is understanding the resources that are available and then thinking about how those reservoirs bit i fit together with the city's priority that's what we want i to talk about. but what's kind of in
groups applying for tax exempt status. the irs also caused delays in processing certain applications, and it issued unnecessary information requests to groups for information such as who their donors are and other identifying information about how they operated. so take a look at some of the criteria here that the tigta report says the irs was using in krut scrutinizing some of these entities, looking for the name tea party or patriots or 912 group used in the case file. they say the issues include government spending or government debt or taxes. those would be entities that the irs would want to flag, as well. and education of the public by advocacy or lobbying to, quote, make america a better place to live. that would be another type of entity the irs would want to scrutinize here in terms of their application for tax-exempt status. a lot to digest here in this report, larry. but we can tell you also attorney general, eric holder, holding a press conference dealing with a wide range of other issues today also said he's asked the fbi to investigate this, to find out whether any law
against british lawmakers today about taxes. >>> and investors cheer cisco's earnings. a sharp contrast to the negative comments from its bellwether rival. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> all right. welcome to this thursday edition of "worldwide exchange." i'm ross westgate. plenty to get through today. we'll kick in on japan. have you got any sorts of comments, e-mail us, worldwide@cnbc.com. japan surprised the market today with a better than expected first quarter print of gdp. partly the fact to prime minister shinzo abe's forecast. that means japan's growth outpaced the u.s. which grew 2.5% in the january to march period. there is one bleak spot. japan's corporate investment was down for the fifth quarter in a row. but analysts expect the number to pick up as improved sentiment translates into more business spending. lucas phillipo from natixis joins us now. what's your own key take away from this number? >> good afternoon or good morning. i find you are very genius saying this is abe nomices that spurred the g
greater impact and healthcare cost should believe saved. finally and excess tax could be [inaudible]. thank you so much. >> thank you, next speaker. >> i [inaudible] magnify the lord. [inaudible] /pw-frb he became president, he said if a baby lives through an abortion just let it die, /tko*epblt feed it, don't clothe it. during the debates about abortion he said i wouldn't want my daughter pun you punished with a little mistake. and we are in really rough shape when the president talks like that, and yet he does talk like that. i came to talk about the big event when kennedy was assassinated, he testified that it was code named the big event. the big event in the name of god was not when an adulterer was murdered by a murderer but the big event was when the lord jesus christ was murdered for our sins. [inaudible] i /spoeblg speak openly to the world [inaudible] i said nothing, why do you ask me, why don't you ask those what i've taught to them. did you say this to yourself or did others [inaudible]. >> thank you very much. >> are there any other members of the public who wou
, do you seriously think yore going to have your way on almost anything now, on raising taxes again on anybody, or pushing through more green energy initiatives for any one or having the upper hand on budget matters anytime soon? now, i'm not saying the president is a lame duck, but all of these scandals have left him a badly wounded one, and the more theseearings into the irs, spying, the justice department snooping and whole agencies benghazi-revising, you've got to ask yourself something: is this the week the white house proved weak? it's trying to defense the indefensible and proved even weaker. no heart what comes of these various embarrassments, this much is clear: the president's best excuse was that he was, well, out of the loop. he has gone from hands-on to hands-off, but its still going to hit his approval numbers hands down. because it is hard to pound the pulpit when you're taking a pounding in the polls. so is big gov being given the big shove? and will the political fallout have money for democrats falling short? let's ask melissa francis and bob cusack. melissa, what
beyond tax occurrence. that is one of the things we can do as a non-regulated lenders. we are able to look at cash- based businesses in some ways that would be difficult for a larger financial institutions. in terms of lending based on projections, we typically do not lie on -- rely on projections, but unless is a contract that has been awarded. we're really looking at what actually you already have in the household. in terms of credit, we want to see that your credit is currently in good standing, but a mix credit history is ok. that is another way we might differ from a more traditional lender. we want to see that currently, you have no unpaid tax liens, child support, or judgments. we have no automatic credits for cut off. we are more interested in the substance of a client and where they are today. if you have no credit within credit, we can work with that. a portly, and you will hear this from all small business leaders, and it is something to get in your head now, all of our loans are personally guaranteed by the client. we are not using or reporting business credit. we are r
.com. >> taxing hearing, denials, apologies and heated exchanges between irs officials and lawmakers on the hearing on capitol hill. did we get any answers? >> what a finish. another record for stocks, logging four straight weeks of gains. are things about to get volatile for investors? >> speaking of volatility, six flags has faclimbed to great heights and in the end, it made the ultimate comeback. that and more on "nightly business report" for friday, may 17th. >> top story tonight, another banner week for the stock market and new record closes for the dow and the s & p 500, and it was a stunning rally. eight blue chips hit all-time highs. more than 140 stocks in the s & p closed at all-time highs, and the year end price charge on the s & p was raised to 1750. if they are right, the s & p would finish 2013 with a gain of 20%. dow surged to 15,354, a new record. and the s & p added 15 points to 1656 and the nasdaq jumped 36 points. a record-setting week on wall street. >> another day, another record. the dow closed at another historic high. all of the major indices except for the na
derbeken, aaron glantz and josh richman. well, tax revenues have been higher than expected, but the revised state budget that governor brown released this week has left many still grumbling. education got a big boost of nearly $ $3 billion, but other programs got left behind. >> everybody wants to see this as a spending machine. come here and see if you can get it. when i'm the backstop and i'll keep the budget balanced as long as i'm around. >> josh richman, the legislation analyst came out with projections that were $3 billion higher. why the difference and what difference will it make as the budget talks begin? >> the $3 billion is spread out over three years. the difference in estimates deals with how much economic growth their forecasting over the next couple of years. jerry brown thinks things might slow down a little bit and also that the fact we are now paying back our full payroll tax rate means personal growth will not increase. he has the conservative number. the legislative analyst says it is rosier. the stock market is taking off. it is looking better. they caution. they could
is on there to tax him for. and send the drones to fly over his house. and confiscate huckabee's guns and see how he likes it when he can't go hunting anymore. and take his bass dpu tar away. no more music for huck hug and that will make him think again for challenging me. and now i need something for the media to get off of my back. hey, joe, it is the president. i need my vice-president to step up to plate for his country. i need you to do what you do best. go out and say something ridiculous in front of the cameras. let the media focus on. that ♪ tonight on huckabee. as three separate scandals rock the white house, the irs targeting the conservative groups take center stage. is this still america? is the governmento drunk on power it would turn his force and might to harass and intimidate an average american who only wants her voice and their voices heard? >> that average american is katherine. and she jones the governor tonight. plus. my question is not about who is going to resign. my question is who is going to jail? >> but they are not going to jail. >> instead they are promoted and in char
. i am hearing their latest negotiating tactic, they are going to push for a simplified tax code. but in the quest for tax reform, they have essentially taken away this push for spending cuts. would he make of that? >> well, i think it is the old cart and horse velocity. obviously since it was put together in 1984. that is the correct answer on taxes. but remember what milton friedman thomas. the real level of taxation is the level of spending. the real problem with this nation is burden with, we have a government that is too big and too wasteful. we have a government that spends $11 million to create one green job in an area of the economy that is nowhere near mature to contribute to the overall well-being of the economy. we have to correct this. the republicans can't understand , the requirement is to be on the spending side, and no amount of tax simplificatn can compensate. >> when i hear the administration bragging about the revenue coming in and saying that it justifies tax hikes and republicans then sort of give up the fight on spending cuts, for whatever meritorious reason
was to challenge potentially their tax exempt status or to deny it all together. a lot of these groups had applied for tax exempt status and found their request delayed for many, many months. is that fair? >> right. right. that's very fair. that's a key point here because even under any benign understanding in which they were trying to look at these groups, nothing explains why these applications sat on the shelf sometimes for 13 months without any attention paid to them whatsoever. s there is no question there was a slow tracking specifically of these tea party applications. that was quite a different treatment than what was accorded to other nonprofit applications that were also being asked for other information. >> what about the point you hear from some of the defenders of the irs, that well, this was just a backwater in cincinnati, a few rogue employees. we heard that from the acting commissioner before he was fired this week, steven miller. that's not true. >> right. by the way, the people of ohio must be delighted to know that cincinnati is now some sort of political backwater all of a sudd
if the part of government in collecting taxes is discriminating for beliefs. who allowed this to happen. the treasury inspector told top officials about the investigation in june 2012. it is right in the height of the presidential campaign. the irs admitted using tea party and patriot to look at groups for extra skrutine. some of those groups are gearing up to sue. deep concern growing with the law makers, both sides of the political aisle talking about this woman, who was in charge of the division in the heart of the scandal will leave office and implement the obama care. her office will have a say over fines and insurance coverage for millions of americans. molly heningburg starts. did ingram know about the targeting of conservative. >> democrats say there is no evidence she did and the outgoing commissioner stephen miller praised her work in the tax agency. >> why would you promote somebody to that position that was in charge of the exempt organization division that had controversy over the last couple of years? under an investigation? >> she is a superb sufficiently servant? >> she
have been described as onerous document requests, delaying approval for tax exempt status. can you give us assurances that the irs is not targeting particular groups based on political leanings? >> let me start by saying, yes, i can give you assurances. as you know, we pride ourselves on being a nonpolitical, nonpartisan organization. there's absolutely no targeting. >> now that's not true. there's not evidence that mr. schulman did know at that point. why was congress repeatedly misinformed? >> we learned congress was informed. congressman issa, who requested the original probe on this. >> last fall? >> last fall. and the congressman did an interview on monday where he said he was pretty much aware of what the report was going to say before it came out. so he was aware. now, i can't speak to what former director schulman knew. i think the acting commissioner former commissioner schulman. the acting commissioneri eriner about that. >> and here was her argument, she said the media and congress are sleuthing for some hint that mr. obama picked up the phone and publicly suggest that conser
bring in both sides for a street fight. plus, would you relocate for a lower tax break? which cities have the lowest tax rate and why it might mean more jobs. "countdown to the closing bell" starts right now. >> i'm liz claman, the last hour of trading, but we have to back up to 40 minutes ago when the markets started to back off the climb that it experienced earlier today. we have the s&p just slightly above the flat line here, and -he nasdaq turned negative as well as the russell 2,000. the dow scales the mountain this morning, session highs up more than 86 points. you see it now, gains of just 13 appointments. we check around. traders believe investors may just be worried the rally is over as the s&p 500 finished at a record high again in ten of the last 11 sessions. again, we've seep this before, and it's not played out, but s&p 500 right now standing at 165 # 2. the nasdaq lower by five points now. investors nervous flocking to safety, two of the leading sectors today, defensive plays, utilities and consumer staples. %-of trouble because of themes dividends, but if there's truly
tax revenue they need from the gasoline. does this change that math equation? if gas is cheaper because there's more oil, will people start driving more? because there has been this huge trend in the country. we were inking that demand maked awhile ago. ople were buying more recently. people were buying more fuel-efficient cars and the were driving less because it was so expensive. if we have more oil and more gasoline d we start driving more again, does it turn around that trend, what do you think? >> we'll certainly drive more. the mark is going to respond to these lor prices but we also have to keep in mind though, part of the argument moving to a better mileage car is from an environmental standpoint. so it is certainly a valid reason. so from a social standpoint i think it will be difficult for us to wean ourselves o the priuses which we've gone so fond of last couple years and start moving back to the chevy suburban. melissa: yeah. >> from that standpoint the demand will be strong but an argument from an environmental standpoint i ink we have turned corner on that level. m
is in charge of the office that decided on the tax-exempt status, she is now in charge of the irs' affordable care office. if that doesn't make you run screaming fr big government, i don't know what will. neil: full disclosure, i'm in charge of the government's fitness program now, anything i can do to hp. [laughter] noel, what do you make of this? up until now the president's had the upper hand on a lot of things, and now many republicans are seizing on this as a vulnerability going into the 2014 midterm election, furthermore, particularly when it comes to men benghazi for hia clinton. play this out money wise. >>any good god, this has been a horrible period for the democratic party, and first of all, obama is the brand for the democratic party. and everything fromhe to the irs to benghazi to going back to fast and furious, everything is hitting the fan, and it can't help but damage the brand, number one, which in turn helps the republican party build their brand. it's kind of like this. so, yes, neil, that's going to help us. it's going to help the gop raise money. because no one's going t
about. including 501(c)4s, our tax code, embassy security, what it means to be a diplomat. intelligence-gathering. but we're actually kind of not really talking about any of that during the scandal week and i read "the new york times" editorial board's assessment of the situation. scandal machine, whatever cranky point republicans had been making against president obama for the last five years, dishonesty, socialism, jack-booted tyranny. they somehow found these incidents were actually the proof they had been seeking, no matter how inflated or distorted. your thoughts? >> so remember, what we are always heading up to is whatever the next election cycle is. so in a presidential election cycle, we need big ideas, an alternate plan, all of that. all you need to do in a mid-term election cycle if you're republicans to hold on and extend the lead in the house is to shrink and polarize the electorate. the only thing you have to do with that is just to make people disgusted by government. it doesn't matter the content of that disgust. it doesn't particularly matter if it's directed towards the
. the president's agenda of tax, spend and obamacare will be affected by these scandals and he must play defense with the hearings on investigations that are looming. his political clout takes a hit. "varney & company" about to begin. i'm so glad you called. thank you. we're not in london, are we? no. why? apparently my debit card is. what? i know. don't worry, we have cancelled your old card. great. thank you. in addition to us monitoring your accounts for unusual activity, you could also set up free account alerts. okay. [ female announcer ] at wells fargo we're working around the clock to help protect your money and financial information. here's your temporary card. welcome back. how was london? [ female announcer ] when people talk, great things happen. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history..
on this. >> we're not going to let you off the hook today without discussing taxes and we have an email from arthu perco, who lives on washington street in san francisco. i am going to kind of shorten his question a little bit and add a question of my own. his question is would you be willing to raise taxes on the wealthiest san franciscans if the state legislature enacts legislation to allow california citis to tax income? and the question i want to tag onto that is what about fees? do you see any higher parking meter fees? parking fines? expanded parking? i am sorry supervisor farreln'besomething that concerns him and what about rec and park fees and what about other things that the city charges? do you see tax increases in fees in this budget? also, just going to throw in for a final zinger, that will take you the next half hour. >> let my say first our city of san francisco as incredible as it is and when you see a budget that is $7.4 billion, everybody says wow, that is like a budget of a country. >> it is, in fact, the budget of some countries. >> exactly. we're already an ex
, there was i.r.s. -- the i.r.s. was trying to strip churches that had sermons against the iraq war of their tax-implement status and also the i.r.s. investigated the ncaa c.t. for the same thing. so some of this stuff is on both sides, both republicans and democrats have done a little bit of this. but i'd like to remind people that when this thing started in 2010, 2011, the person in charge of the i.r.s. is the guy bush put in. so does he let this go to make a mess of it for the obama administration? there's just as much that. the other thing is to really tell -- host: you gave us a lot to work over. last thoughts? caller: say one more thing, because i worked in a nonprofit area for many years. when you look at the -- there's a huge number of nonprofits, and not all of them are totally legit. and when you look at the number of what happened with the tea party, what you need to look at is during 2010 and 2011, what was the total number of people or groups applying for that status? host: ok, we'll look at that in just a moment. let me show you a couple of facebook comments. shane says -- when a d
code can they text you according to sales tax in rpep >> it was anything but typical prom night for florida teenagers the group on their way to the big party when their limo came upon an overturned van instead of passing by then minding their own business. the driver and kids decked nout prom he wear leaped into action, pulling seven injured people from the van. >> i said i've got to go help. as soon as he got out, i started to get out of the car as well. he went towards the front of the car. and i went towards the trunk, the first person i saw was the little kid. >> i remember them yelling get out of the car. get out. >> i feel it's something i'll never forget. they were happy to be interest to help people in need. >> checking healthy living news a first in reagain ra tiff medicine. researchers say they have produced embryonic stem cell researches from cloned embryos. it's take kbren a decade of trying. this could leads to rejection-free transplant issue. >> a new drug targeted for treatment of advanced prostate cancer received approval. taish yents did live a few months longer
they sought tax. and status. the president waved off the idea of appointing a congressional investigation. >> between those investigations, i think we're going to be able to figure out exactly what happened, who was involved, what went wrong, and we're going to be able to implement steps to fix it. >> nothing dissolves the bonds between the people and their government like the arrogance of power here in washington. and that's what the american people are seeing today from the obama administration. remarkable arrogance. >> the president also expressed confidence in attorney general eric holder, following the disclosure that the justice department accessed the phone records of reports for the "associated press" in a case in which holder had recused himself. the president will leave comparisons to the nixon administration to media and defend his administration's approach to alleged leaks of classified material. >> i make no apology skis don't think the american people would expect me as commander in chief not to be concerned about information that might compromise their missions or might get
, there were at least seven or eight different scandals involving nixon's taxes, and this administration aide and that administration aide. so, again, it was a collection of scandals that we collectively referred to as watergate and these three may be lumped together eventually as time goes on. >> neil: thank you very much. before we cut to the next story, want to leave you with a comment about the upi of the opening watergate hearings 40 years ago today, that they will be a short-lived affair, a political opportunity for democrats to pounce on a president who so far seems completely unaffected. >> you're a horribly run organization? if you're on the other site of the fence, you're not given that excuse. and when the irs comes in, you're not allowed to be shoddy or run horribly or make mistakes. you're not allowed to do one damn thing that is not in compliance. if you do, you're held responsible right this will then. the american people have seen what is going on and say this is an overreach and outrage for america. i yield back. [applause] >> neil: the guy who is getting the applause, mike
scrutiny when they applied for tax-exempt status. wisconsin republican paul ryan. >> how was that not misleading this committee? you knew the targets was taking place. you knew the terms "tea party" "patriots" were being used. how can we conclude you did not mislead this committee. >> i did not mislead the committee. i stand by my answer then. i stand by my answer now. >> members reminded miller at a hearing in july he say the: with a criminal probe under way, millerpondedarefully. >> i answered all questions truthfully. i did not mislead congress nor the american people. i answered all the questions i was asked. >> so your answer is a nonanswer once again. >> reporter: miller said he learned of the targeting last may, two years after it started. he said he immediately put an end to the questionnaires asking groups for lists of donors. >> the letters were bad. they were just way too broad. when we found out about it, we reached out to people who hadn't sent them yet and we told them don't send them. >> reporter: but he said, he still did not know who crafted the faulty gu
for approval of the tax status that you are pushing through for the liberals and you call that poor service? i would call it biased unfair targeting of conservative groups. >> kimberly: there is a lot of this going on and specific examples i find interesting. representative kevin brady had a constituent when he was talking about, a party that had tea party affiliation and applied for tax exempt status in july of 2010 and february 2012 she received an answer asking questions. three years to the day that she first filed her application is still pending. take a listen to representative brady. >> she was visited by the f.b.i. domestic terrorism unit for personal returns and business returns were both audited by the irs. she received four f.b.i. inquiries. this is a citizen in a small woman who had never been audited by the irs. is this still america? is this government so drunk on power that it would turn its full force, it's full might to harass and intimidate and threaten an average american who only wants her voice and their voices heard? >> kimberly: doesn't sound like america, sounds like som
with conservative sounding names for tax exempt status is new and it could do lasting damage to the administration and democrats. this week, the treasury inspector general for tax administration will release a report that shows that as early as march 2010 the cincinnati field office, which was put in charge of evaluating applications for tax exempt status began searching for groups with politically identifiable names. according to "washington post" of the 298 groups selected for special scrutiny, 72 had the words tea party in their title. 13 had patriot and in march 2012, irs commissioner douglas shulman, a bush appointee, told congress that the agency was not targeting conservative groups. >> there's absolutely no targeting. this is the kind of back and forth that happens when people apply for 501 c4 status. >> the inspector general turned out that irs leadership did know some specialists were searching applications especially for tea party style names and groups for a year before shulman testified to congress. on sunday, republicans, naturally, were outraged. >> it is absolutely chilling that th
which had been requesting tax exemption, the tea party there, they had to produce all of their transcripts of every meetings, all speakers, all interviews, all media coverage and details of all membership. can you-- of course they didn't get tax exemption. they couldn't participate in the election campaign the at all. >> right. and the effect on them was to chill their political-- >> here is the question, i don't know the answer. they were looking into 501(c)(3) and 4, and tax except for reasons. there's a group that hates fox, attack us every day and probably 5,000 personal attacks on me alone, called "media matters for america", i believe it's 501(c)(3). i'd love to know if they were targeted. if they're only picking 501(c)(3)'s and 4's on the conservative on the right there's a massive problem. stuart: we find a somewhat similar story with bloomberg, where bloomberg reporters reached over the firewall and looked at the movement of financial institution people, not trading, i don't think, but the movement of people so they could tell a lot about that person, that ins
Search Results 50 to 99 of about 1,157 (some duplicates have been removed)